“An important player in the solar sector will be reporting earnings on Thursday, and investors can use Claymore/MAC Global Solar ETF (NYSE:TAN) to play an estimates beat. As we saw last week, the battered fund TAN has been able to perform strongly on days when there is positive news for the sector. Last Thursday when the markets were rallying, good news from SunPower (NYSE:SPWRA) sent the stock up 22% and pushed (NYSE:TAN) to gains of 8% on the day. News from SPWRA was able to influence the fund’s performance even though it accounts for only 3.6% of TAN’s net assets,” Don Dion Reports From The Street.

Dion goes on to say, “SunTech Power (NYSE:STP) reports on Thursday and with 5.1% of the fund’s assets, it will also be capable of moving TAN, assuming the markets are not in a broader selling mode. GSTP’s report will also come on the heels of Canadian Solar’s (NYSE:CSIQ) report on Wednesday. CSIQ receives only a 2.4% allocation in TAN, but news from the company could have effect the sector and the TAN fund beyond what is diminutive allocation would suggest is possible.”

“Based on recent history, STP appears in a good position to beat earnings estimates. Analysts have under estimated STP’s earnings by an average of 100% over the past four quarters. If CSIQ gets the ball rolling tomorrow, TAN could be in for a nice run this week, assuming the broader market cooperates. Beyond a short-term earnings play, TAN is still risky as a long-term investment,” Dion Reports.

See more to the story: HERE

Here are some more details on the Claymore/MAC Global Solar Energy (NYSE:TAN) below:

Claymore/MAC Global Solar Energy (NYSE:TAN)

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MAC Global Solar Energy index. The fund normally invests at least 90% of total assets in common stock, ADRs and GDRs that comprise the index. It generally will invest in all of the stocks comprising the index in proportion to their weightings in the index. This fund is nondiversified.

TOP 10 HOLDINGS ( 54.72% OF TOTAL ASSETS)

Company Symbol % Assets First Solar, Inc. (FSLR) 11.74 Trina Solar Limited Sponsored A (TSL) 5.72 Suntech Power Holdings Co., LTD (STP) 5.44 MEMC Electronic Materials, Inc. (WFR) 5.02   (SWV) 4.70 Yingli Green Energy Holding Com (YGE) 4.64   (S92) 4.58   (MBTN) 4.55 Rydex ETF Trust Sector Energy E (REC) 4.23 JA Solar Holdings, Co., Ltd. (JASO) 4.10

 

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ETF BASIC NEWS, TAN